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One of the choices you need to make while buying an insurance plan is whether to go for a unit-linked policy (ULIP) or a plan on the traditional platform. In order to be able to decide correctly, you should know your risk appetite, or your tolerance to financial risk.
Read MoreThe moment when a claim on a life insurance policy needs to be made is usually a sensitive one. At such times then, the last of one’s worries should be a delay in the time taken to receive the claim amount. Life insurance usually has 3 types of claims that may be made.
Read MoreOver the years, life insurance has usually been synonymous with life protection for the family of the policyholder upon his death. However, these days, it offers a lot more. In order to meet demands for better returns on insurance, ULIPs were designed as a dual benefit product.
Read MoreThe concept of life insurance is not a new one. However, the purposes it fulfills go a lot beyond providing financial security upon the death of the breadwinner of the family. In addition to securing a person’s future, life insurance also offers various other benefits too.
Read MoreLet’s understand the basics of term insurance for the less finance-savvy readers – a term plan is the most basic kind of life insurance wherein if the policyholder dies during the policy period then his family member (nominated person) gets a certain amount (sum assured).
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